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Panel Discussion: The Evolving Target Operating Model for the 1st Line
13 Nov 2024
- What are the key considerations for firms when designing their 1st Line target operating model? How are practitioners expecting the operating model to change in the coming years?
- How well are 1st line control teams balancing the management of BAU controls with the successful delivery of change programs & incident management?
- Are 1st line risk & control functions sufficiently resourced with the appropriate breadth of skill sets required to manage expanding nonfinancial risk types?
- How can firms harmonise controls and redesign the processes to increase coverage, efficiency and effectiveness? Are there any ‘easy wins’ banks can implement to increase efficiency and effectiveness?